Essays Tagged: "Itemized deduction"
Tax Research
ompson.(2) Whether Ron Thompson is entitled to include or exclude the medical expenses of $6,500 as itemized deduction in his federal tax return.RULES:1. Internal Revenue Code - §104 Compensation ...
Subjects: Businesss Research Papers > Accounting
Case Note on Fletcher v FCT (1991) 22 ATR 613:
gements. The scheme was financed through a series of "round robin" cheques and promised substantial deductions in the first five years of the 15-year plan. A number of documents were exchanged but no ... nged but no cash payments were made. This was calculated to return neutral cash flows with high tax deductions initially and high assessable income, especially in the last five years. A feature of the ...
Subjects: Law & Government Essays > Law > Cases